Another good report. Not really possible to keep having 200+ gains at full employment. Also like that the last two months were revised up. Seven cent increase in wages is okay. But a good report.
I will note that we knew it would be a lackluster job creation number because our president didn’t tweet veiled hints of excitement. Which is ■■■■■■ up.
No, the last metric was “Only 150,000 jobs created! We need 250,000 to keep pace with population growth. HOW DID UNEMPLOYMENT GO DOWN!!! RIGGED NUMBERS!!! Vote Trump.”
But hey look at the upside @pinqy no longer has to spend the first Friday of every month engaging in the equivalent of repeatedly slamming your head against a brick wall
Like you said, the talking point is, well we are at full employment! Well, Trump inherited I think 4.7% unemployment. So a .8% drop I guess all of a sudden is OMGz full employment MAGA INCREDIBLE. Never mind the upcoming $1trillion deficit
We are a year or 2 from a recession I believe. Usually when we start getting below 4% it’s not too long for a crash. Time to put some cash in the old savings account and scoop up the higher interest rates and then the cheap stocks in a couple years.
Both 2014 and 2015 had more jobs added from Jan - Jul compared to 2018 and all four years of Obama’s second term had more jobs added than 2017. But it definitely wasn’t moving like this.